Why do you need a Buyers Agent?

Many times when a home catches your eye, you call the number on the sign in the yard or attached to the ad. Where's the problem? That is the person who is going to know the most about the property, right? Well, I guess you can look at it that way. But the way I see, the agent with the sign in the yard already has an iron in the fire. They have a contract to represent the sellers of that property, and while they can legally represent you as the buyer it is really not in your best interest! Even on my own listings, I would prefer to have another agent looking out for the buyers! True, I could take both sides, and create a fair deal for everyone involved, but that's a tall order. An agent who takes on that kind of a deal cannot aggressively negotiate for either of the parties involved, and cannot disclose information that another agent might be able to.

In addition to limiting the amount of information your shared agent can pass along, that agent is being paid the whole commission. The sellers typically agree to pay a percentage or dollar amount of the sales price of their home to the "listing agent" and to the "buyers agent". It is usually divided 50/50, but if it is all handled by one agent they are entitled to the whole pot! Motivation to get you as the buyer a lower sales price just goes right out the window!

By seeking out your own buyers agent you are:
a. protecting your interest in the property, and all relevant information.
b. not adding any cost to yourself, as it is usually a cost paid by the seller. (If your buyers agent has you sign any type of agreement make sure you are not being charged a retainer fee, mileage, and how they will be paid if you buy a for sale by owner or something similar.)
c. having someone working solely on your behalf to get you the best sales price and terms!

As for finding a buyers agent, I would suggest you go by referral. If you can find someone with something good to say about a Realtor(r), use that agent! Talk to a few Realtor(r)'s and find out what their plan is for you. Finding a home is a time consuming process, and you need to be on the same page with the person helping you look! Don't be afraid to fire your agent if you aren't clicking. Ask them for a referral to another agent, or if they have done something truly atrocious call their broker! If all else fails I'm availible! If I am not the agent for you, I know a few good ones!